2 FACTIONS SPAR FOR ALLEGHANY; Robert Young's Widow May Hold Balance of Power as Sonnabend Challenges

Of all things that make stocks rise, few have the quick and dramatic impact of a proxy fight. In 1954, when a contest was on for control of the New York Central Railroad, more than $48,000,000 was added to market quotations of the Central's stock in less than five months.View Full Article in Timesmachine »

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A version of this archives appears in print on November 22, 1959, on Page F1 of the New York edition with the headline: 2 FACTIONS SPAR FOR ALLEGHANY; Robert Young's Widow May Hold Balance of Power as Sonnabend Challenges. Order Reprints|Today's Paper|Subscribe